GAP INSURANCE title: gap insurance (FS-PM) (SAP Library - Glossary)
GAP INSURANCE category: Policy Management (FS-PM)
GAP INSURANCE explained:
Gap insurance is a new type of insurance, offered in the vehicle leasing area, which closes any amortization gaps that may occur. More specifically, this would be the difference between the replacement value and the recovery value of the leasing object (underinsurance for total loss or theft). The benefit from the gap insurance is valid for leasing contracts, based on normal market interest and durations, and is normally contractually agreed as supplementary coverage for comprehensive or partially comprehensive auto insurance.
More terms such as gap insurance in Dictionary G.
- Manual Geocoordinates:
- Help Degrees of longitude and latitude that define a location gap insurance definition.
- Manual Global Key Figure:
- Help A key figure that is used as a standard for overall bank controlling gap insurance explain.
- Manual Garnishment Type:
- Help Form of garnishment Examples: Common garnishment Preferred garnishment Cession of wages gap insurance what is.
- Manual General Overview:
- Help A display option that lets you view the complete menu structure without deleting the point of access you have set gap insurance meaning.
- Manual Geographical Unit:
- Help of the size of an area that can be used in a variety of contexts to provide a geographical structure for sales and distribution of publications. The postal structure of a country serves as the basis gap insurance abbreviation.
